Establishes the "Virtual Currency Kiosk Consumer Protection Act"

HB 1428, the "Virtual Currency Kiosk Consumer Protection Act," requires virtual currency kiosk operators (businesses operating machines that exchange cash for cryptocurrency or vice versa) to provide customers with clear, written disclosures of material risks before any transaction. Key disclosures include that virtual currency isn’t legal tender, lacks FDIC protection, can be volatile, transactions are irreversible, and value depends on market acceptance. The bill mandates these disclosures in plain language, covering risks like fraud, cyber attacks, and potential loss of value. It does not create new financial protections but ensures operators transparently inform consumers about inherent risks of using kiosks. The law applies directly to kiosk operators and their customers within the state.